Albany Food and Wine Festival Inc

Analysis

Albany Food and Wine Festival Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Albany Food and Wine Festival Inc reported income of $94k and spending of $104k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $172k to $94k (-45%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 13070%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Albany Food and Wine Festival Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Beverly Gilbert Foundation-Afi Enterprises ($94k), Northwoods Foundation ($94k) and Warrior Bags ($94k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $50k against liabilities of $51k, net assets of -$1,428.